Transfer Cash within an Account between Custodians

Owned by Nancy Cohn (Deactivated)
Last updated: Jul 18, 2023
3 min read

In the IntraFund Cash Transfer Between Custodians panel, you can transfer cash for an entity that uses cash segregation from one custodian bank to another custodian bank. You can use this option to move cash within the entity's custody basis if the custodian for the cash changes. You can also select a different cash account and/or cash category during the transfer. This type of move between custodians and cash accounts has no impact on accounting.

To transfer cash within an account between custodians manually:

  1. In Accounting Center, in the left navigation pane, click Transactions > Cash > Cash Transfers > IntraFund Cash Transfer Between Custodians. 
    You see the IntraFund Cash Transfer Between Custodians panel.

  2. Complete the options in the IntraFund Cash Transfer Between Custodians panel.

  3. Click Submit.
    You have transferred cash from one custodian/cash account to another custodian/cash account within an entity.

IntraFund Cash Transfer Between Custodians Panel Options

The following are the options in the IntraFund Cash Transfer Between Custodians panel.

Option

Tag

Description

Option

Tag

Description

Entity Information

 

 

Entity ID

1163

Specifies the unique identifier of the entity.

Entity Name

1164

Specifies the name of the entity.

Position Cash Segregation Basis

11675

Displays whether you created a custody accounting basis for the entity for use in cash segregation. You must select an entity with this value set to Y to transfer cash between custodians.

Base Currency

86

Displays the base currency of the selected entity.

Originating Custody Bank

 

 

Custodian Bank Name

1146

Specifies the name of the custodian bank from which you are transferring cash. The lookup displays the bank account relationships established between the entity or the entity's reporting composite and the custodian bank, showing the custodian bank name, custodian bank code, and custodian bank account number.

Custodian Bank Code

1240

Specifies the code of the custodian bank from which you are transferring cash.

Custody Bank Account Number

1660

Specifies the custodian bank primary account number from which you are transferring cash.

Custody Bank Sub Account

1661

Displays the sub account type assigned by the custodian bank from which you are transferring cash. If the entity uses cash segregation, this field displays a value of Other. 

Cash Account Name

11696

Specifies the name of the cash account for the custodian from which you are transferring cash. If you select a custody basis for the transfer, the lookup displays the available cash accounts based on the cash account relationships defined for the selected custodian's bank account relationship.

Cash Account Number 

11697

Specifies the account number of the cash account for the custodian from which you are transferring cash.

Cash Category

62

Identifies the classification of cash you are transferring. Options include:

  • Income

  • Principal (Default)

Receiving Custody Bank

 

 

To Custodian Bank 

9409

Specifies the name of the custodian bank to which you are transferring cash. The lookup displays the bank account relationships established between the entity or the entity's reporting composite and the custodian bank, showing the custodian bank name, custodian bank code, and custodian bank account number.

To Custodian Bank Code

9410

Specifies the code of the custodian bank to which you are transferring cash.

To Custody Bank Acct Num

9411

Specifies the primary account number for the custodian bank to which you are transferring cash.

To Custody Bank Subacct

9749

Displays the sub account type assigned by the custodian bank. If the entity uses cash segregation, this field displays a value of Other. 

To Cash Account Name

11674

Specifies the name of the cash account for the custodian to which you are transferring cash. The lookup displays the available cash accounts based on the cash account relationships defined for the selected custodian's bank account relationship.

To Cash Account Number

16080

Specifies the account number of the cash account for the custodian to which you are transferring cash.

To Cash Category



Displays the classification of cash you are transferring. Options include:

  • Income

  • Principal (Default)

Transfer Amount

 

 

Transfer Date

35

Specifies the effective date of the cash transfer.

Accounting Date

36

Specifies the date the trade is reported and has an effect on the entity's holdings and cash balances. The accounting date must be greater than the trade date.

Monthly Accounting Date

4733

Displays the month end accounting date.

Settlement Date

37

Specifies the settlement date for the cash transfer.

Amount

366

Specifies the cash amount that you are transferring.

Other Information

 

 

Posting Method

991

Identifies the posting method to use for the cash transfer. Options include:

  • CAPITAL (Default)

  • OTHER

Transaction Notes

56

Specifies user defined information about the transaction.

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